Billy Hunter sent a memo to players on Monday outlining the good points of the NBA lockout deal reached Saturday, reports SI.com's Sam Amick. (The memo was, in fact, longer than two paragraphs.) In the memo, which Amick made available online, Hunter outlines the path toward ratification of the deal, which includes finalization of the lawsuit settlement agreement, re-authorization for the union to represent players in collective bargaining and negotiation of the smaller CBA issues like the age minimum and drug testing. Hunter said that ratification could come next week.
With free agency and the start of training camps scheduled for December 9, time is of the essence.
Hunter notes that players' aggregate salary will grow by $100 million per season beginning next year, and says that projections have the luxury tax threshold rising to $90 million by 2016-17. (I'm sure the Milwaukee Bucks are thrilled to hear it.) Hunter also says that the league's revenue sharing plan will be memorialized in an agreement with players for the first time.